Exclusive: Jernigan envisions 4- to 5-year construction cycle

September 4, 2014 Dean Jernigan, former CEO of self-storage REIT CubeSmart, says the recent uptick in spending on self-storage projects is just the start of a construction cycle that he predicts will stretch over the next four to five years. He expects the cycle to peak in 2016. “We are essentially three-quarters through the year and yet very little has gotten started,” Jernigan told The SpareFoot Storage Beat. “I think [the development cycle] is going to be longer and more drawn-out because it is still difficult for people to access the debt market.”